date:Jan 10, 2014
14 primarily as a result lower head-count, lower stock compensation expense, and lower pension expense than last year's second quarter. The effective tax rate decreased to 26.3 percent in the quarter compared to 34.7 percent in last year's second quarter due to changes in deferred taxes and last year's placement of a valuation allowance on certain deferred tax assets. Franchise fees and other revenue increased in second quarter 2014 versus second quarter 2013 due to the granting of a new license